Namura Shipbuilding Co.,Ltd. Stock Forecast
Red day on Friday for Namura Shipbuilding Co.,Ltd.
(Updated on Jun 21, 2024)
The Namura Shipbuilding Co.,Ltd. stock price fell by -0.80% on the last day (Friday, 21st Jun 2024) from JP¥1,996.00 to JP¥1,980.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.18% from a day low at JP¥1,937.00 to a day high of JP¥2,018.00. The price has fallen in 6 of the last 10 days and is down by -4.99% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 million shares and in total, 11 million shares were bought and sold for approximately JP¥20.96 billion.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.98% during the next 3 months and, with a 90% probability hold a price between JP¥1,985.32 and JP¥2,751.66 at the end of this 3-month period.
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7014.T Signals & Forecast
There are few to no technical positive signals at the moment. The Namura Shipbuilding Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥2,093.14 and JP¥2,011.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -18.82%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Tuesday, May 14, 2024 and based on theory for this formation the price should fall by -8.41% to JP¥1,813.52 within 21 trading days since signal was issued (Wednesday, June 12, 2024).
Support, Risk & Stop-loss for Namura Shipbuilding Co.,Ltd. stock
Namura Shipbuilding Co.,Ltd. finds support from accumulated volume at JP¥1,905.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥81.00 between high and low, or 4.18%. For the last week, the stock has had daily average volatility of 5.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7014.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Namura Shipbuilding Co.,Ltd. to open at JP¥1,978.33, and during the day (based on 14 day Average True Range), to move between JP¥1,810.56 and JP¥2,149.44, which gives a possible trading interval of +/-JP¥169.44 (+/-8.56%) up or down from last closing price. If Namura Shipbuilding Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 17.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,905.00 (3.79%) than the resistance at JP¥2,120.00 (7.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Namura Shipbuilding Co.,Ltd. stock A Buy?
The Namura Shipbuilding Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Namura Shipbuilding Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.901 Sell Candidate Unchanged
Predicted Opening Price for Namura Shipbuilding Co.,Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥1,978.33 ( 0.0842%) | JP¥1,980.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7014.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,059.33 | 4.01% |
| R2 | 2,028.39 | 2.44% |
| R1 | 2,009.28 | 1.48% |
| Price | 1,980.00 | |
| S1 | 1,947.39 | -1.65% |
| S2 | 1,928.28 | -2.61% |
| S3 | 1,897.33 | -4.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,255.00 | 13.89% |
| R2 | 2,139.00 | 8.03% |
| R1 | 2,120.00 | 7.07% |
| Price | 1,980.00 | |
| S1 | 1,905.00 | -3.79% |
| S2 | 1,889.00 | -4.60% |
| S3 | 1,741.00 | -12.07% |
7014 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 26, 2024 | JP¥15.00 | 0.758% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 18, 2023 | JP¥5.00 | 0.500% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 1.49% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥3.00 | 1.37% |
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